CandleFocus Pump.fun earned over 1m Solana, ecosystem market cap reaches $2.3b
2024-10-30
Author: Content Editor
Solana-based token deployer, Pump.fun, has reached a major milestone with revenue surpassing 1 million Solana, equivalent to around $188.5 million. This brings the platform close to claiming $200 million in revenue since its launch in January. The rapid growth of Pump.fun has made it the fastest application in the crypto scene to reach $100 million in revenue. The recent surge in revenue is attributed to an increase in Pump.fun's Solana holdings and the rising price of Solana itself. The broader crypto market rebound has also contributed to the growth of Pump.fun's total revenue. The Pump.fun ecosystem is experiencing significant growth, with meme coins created within it reaching a combined market cap of $2.31 billion. Goatseus Maximus is the largest token in the ecosystem, accounting for 26.8% of the total market cap. Pump.fun's daily transaction volume has also seen a substantial uptick recently.
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